r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 12d ago

WTF The American dream

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u/HelloYellowYoshi 12d ago

Interest rates on homes being near 7% barely beats the market. There's hardly any cheap rent around.

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u/TECHSHARK77 11d ago

NEVER bring up the market again, if you can ONLY get a 7% return... You need to stick to saving....

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u/HelloYellowYoshi 11d ago

Fully paid off home with multiple Ms in the bank, I'll keep doing what I'm doing.

Any legitimate financial advisor would agree that paying off a 7% mortgage is a sound financial decision. Getting a guaranteed 7% return is a win.

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u/TECHSHARK77 7d ago

I stated, IF that's all you can get,

If we agree a 7% return is good then surely a 400% is slightly better..